RBC is one of the strongest,
most stable banks globally and has a Tier 1 Capital Ratio of 13% as of Feb
2011. By market capitalization, RBC is among the top 20 largest banks
globally, and is the 6th largest bank in North America as of Feb 2011.

RBC is a leading provider of financial services, operating since 1869. RBC
has more than USD711 billion in assets and one of the highest credit ratings
of any financial institution - Moody's AA1 and Standard & Poor's AA-. RBC
Capital Markets employs over 3,000 professional and support staff to deliver
products and services out of 75 offices in 15 countries in Asia and
Australia, the U.K. and Europe, and in every major North American city.

Royal Bank of Canada operates it banking business in
Australia through its Sydney
Branch, as a licensed Branches of Foreign Banks. RBC Sydney provides
wholesale banking services in Australia.

Royal Bank of Canada Sydney
branch committed to
develop and deliver the most innovative products, manage customer
experience, deliver quality service that contribute to brand strength,
develop a competitive advantage and enhance profitability, thus providing
value to the stakeholders of the bank.

RBC Capital Markets offers a broad and
expanding range of corporate and investment banking products and services to
corporations, governments and institutions. RBC Capital Markets' in-depth
industry knowledge and research positions it to deliver the best customized
solutions for clients through teams of professionals worldwide.
The Bank are regulated by the Australian
Prudential Regulatory Authority (APRA) in Australia. APRA is responsible
for regulating much of the financial industry, including insurance and
superannuation companies. Institution seeking to be prudentially regulated
as an authorised deposit-taking institution (ADI) is required to be
authorised under the Banking Act 1959 (the Banking Act). The Australian
Prudential Regulation Authority (APRA) is responsible for the
authorisation process.

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